[gennatay]

After you have finished studying and in review mode, how do you study journal entries?

[tough_kitty]

Write them down on a piece of paper from memory.

FAR: 81 (May 2013)
BEC: 81 (July 2013)
REG: 83 (August 2013)
AUD: 82 (November 2013)
California CPA since 1/30/14

[tough_kitty]

Write them down on a piece of paper from memory.

FAR: 81 (May 2013)
BEC: 81 (July 2013)
REG: 83 (August 2013)
AUD: 82 (November 2013)
California CPA since 1/30/14

[acamp]

I would pretend I sold product, and go through the entries.

ie: I sell a widget for $100, it has a cost of $70. It is sold on account, which the customer pays 2 weeks later. Make the journal entries for AR/revenue, COGS/Inventory and eventually Cash/AR.

You could do the same for selling a bond at a premium or discount, how its initially booked, how the journals work to recognition interest payments vs. interest expense…

Ninja + Wiley Test Bank: [FAR - 81] [REG - 76] [BEC - 88] [AUD - 73](doh!)

Becker Videos: [AUD - 82]

California CPA

[acamp]

I would pretend I sold product, and go through the entries.

ie: I sell a widget for $100, it has a cost of $70. It is sold on account, which the customer pays 2 weeks later. Make the journal entries for AR/revenue, COGS/Inventory and eventually Cash/AR.

You could do the same for selling a bond at a premium or discount, how its initially booked, how the journals work to recognition interest payments vs. interest expense…

Ninja + Wiley Test Bank: [FAR - 81] [REG - 76] [BEC - 88] [AUD - 73](doh!)

Becker Videos: [AUD - 82]

California CPA

[Author]

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